UPDATE 1-Everest Re sees Q3 oper profit below Street view

* Sees Q3 oper EPS $2.55-$2.75 vs est $2.84

* Sees Q3 EPS $2.95-$3.20

* Says outlook includes $75 mln of catastrophe losses
Oct 13 (BestGrowthStock) – Everest Re Group Ltd (RE.N: ), a Bermuda
reinsurer, forecast third-quarter operating profit below
analysts’ expectations, citing catastrophe losses and lower
investment income.

The company expects third-quarter operating earnings — a
measure followed by insurance analysts — to be $2.55-$2.75 a
share.

Analysts on an average were expecting earnings of $2.84 a
share, before items, according to Thomson Reuters I/B/E/S.

The company, scheduled to announce results on Nov. 1,
expects net income for the quarter to be $2.95-$3.20 a share.

The quarterly results were hurt by about $75 million of
catastrophe losses and lower net investment income on limited
partnerships, the company said.

Shares of the company closed at $83.97 Wednesday on the New
York Stock Exchange.
(Reporting by Supantha Mukherjee in Bangalore; Editing by
Jarshad Kakkrakandy)

UPDATE 1-Everest Re sees Q3 oper profit below Street view